IHMCL implemented the FASTag electronic tolling of national highways, but due to technical glitches, road ministry is mulling the option of offering this job to a Korean company
While the most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips, a PwC report says implementation of a pan-India electronic toll collection system on national highways may help save approximately Rs 87,000 crore annually.
Fintech giant Paytm claimed it is selling more FASTags than all the banks put together on a daily basis.
The intention is to have a model with a single-clearing house.
Though some operators offer the facility of tag lanes, such tags can only be used at designated points.
Indian roads are far more unsafe than its railways. A sense of urgency is required to tackle India's embarrassing record on road safety.
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